Answered: When a commercial bank borrows money…

When a commercial bank borrows money from the Bank of Canada, these funds are called... a. borrowed reserves b. bank funds c. overnight funds

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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When a commercial bank borrows money from the Bank of Canada, these funds are called...

a. borrowed reserves

b. bank funds

c. overnight funds

d. commercial bank loans

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